Business / Companies
Nkosana Moyo joins Implats board
05 Mar 2015 at 19:07hrs | Views
Former Industry and International Trade minister Nkosana Moyo has joined South Africa's Impala Platinum, the world's second largest platinum producer and Zimplats' parent company, as an independent non-executive director, according to an announcement released on SENS on Thursday.
Moyo was appointed together with Sydney Mufamadi, a former minister in the South African government and businessman Bernard Swanepoel.
"In terms of paragraph 3.59 of the Listings Requirements of the JSE Limited, Implats is pleased to announce the appointments of Dr Sydney Mufamadi, Mr Bernard Swanepoel and Dr Nkosana Moyo as independent non-executive directors to the Board of Directors with immediate effect," said Implats in a notice to shareholders
Dr Moyo, MBA, PhD and BSc (Hons) (Physics), is the Founder and Executive Chairman of the Mandela Institute for Development Studies. As a Zimbabwean national, he has served on the boards of a number of companies in the cement, sugar, finance, tourism, mining, airline and food sectors.
Previously he served as the Vice President and Chief Operating Officer of the African Development Bank in Tunisia, while he has also held the positions of Managing Partner for Actis (a global private equity firm) in Africa, as well as a Senior Advisor and Associate for the International Finance Corporation.
Moyo became the first minister in government to resign in 2001 in what was regarded as one of the most educated Cabinet formed by President Robert Mugabe. He was appointed after Zanu-PF won a narrow majority in the parliamentary elections in June 2000.
Moyo left the country to join his family in South Africa, saying that he was frustrated by lawlessness and attacks on farms and businesses by Zanu-PF activists. After his shock resignation Mugabe criticised him for growing cold feet.
Moyo was appointed together with Sydney Mufamadi, a former minister in the South African government and businessman Bernard Swanepoel.
"In terms of paragraph 3.59 of the Listings Requirements of the JSE Limited, Implats is pleased to announce the appointments of Dr Sydney Mufamadi, Mr Bernard Swanepoel and Dr Nkosana Moyo as independent non-executive directors to the Board of Directors with immediate effect," said Implats in a notice to shareholders
Dr Moyo, MBA, PhD and BSc (Hons) (Physics), is the Founder and Executive Chairman of the Mandela Institute for Development Studies. As a Zimbabwean national, he has served on the boards of a number of companies in the cement, sugar, finance, tourism, mining, airline and food sectors.
Previously he served as the Vice President and Chief Operating Officer of the African Development Bank in Tunisia, while he has also held the positions of Managing Partner for Actis (a global private equity firm) in Africa, as well as a Senior Advisor and Associate for the International Finance Corporation.
Moyo became the first minister in government to resign in 2001 in what was regarded as one of the most educated Cabinet formed by President Robert Mugabe. He was appointed after Zanu-PF won a narrow majority in the parliamentary elections in June 2000.
Moyo left the country to join his family in South Africa, saying that he was frustrated by lawlessness and attacks on farms and businesses by Zanu-PF activists. After his shock resignation Mugabe criticised him for growing cold feet.
Source - Byo24News
